Oudh Sugar to setup greenfield plant in Uttar Pradesh

Oudh Sugar Mills Ltd has announced that the Board of Directors of the Company at its meeting held on August 23, 2006, inter alia, has transacted the following:

1. Recommended dividend @ Rs 4.50 per Equity Share of Rs 10/- each (45%).

2. Approved setting up of Greenfield Plant in Uttar Pradesh with a crushing capacity of 7000 tcd with a co-generation plant of 17 MW at an estimated cost of Rs 3360 million.

Source : Equity Bulls

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